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The Government welcomes the passage of legislation amending the Climate Change Response Act 2002 so that only New Zealand Units (NZUs) can be surrendered by participants when deregistering post-1989 forest land from the Emissions Trading Scheme (ETS).
The amended act will remove the opportunity to arbitrage NZUs by registering and deregistering the same piece of post-1989 forest land from the ETS multiple times.
- Jo Goodhew
- Tim Groser
- Primary Industries
- Climate Change Issues
Associate Minister for Primary Industries Jo Goodhew and Minister for Climate Change Issues Tim Groser have today announced changes to the Emissions Trading Scheme (ETS) which will allow for greater transparency.
“From April buyers and sellers of carbon units will be able to see where the unit has come from, so they know how the unit was generated,” says Mrs Goodhew.
- Jo Goodhew
- Tim Groser
- Climate Change Issues
- Primary Industries